Here are some categories for managing personal finances (I like putting things into categories) :
Budgeting
Overall resource planning. Managing the relationship between time and resource.
Income
Resource that comes in.
- Wages
- Income from investments
Spending
Resource that goes out. Paying for stuff.
- Goods
- Services
Saving and Investing
Paying today, benefiting tomorrow. All investment involves a degree of risk.
- Savings plans
- Shares
Borrowing and Debt
Benefitting today, paying tomorrow. Also involves uncertainty.
- Mortgage
- Loans
Protection
Paying to reduce uncertainty.
- Insurance
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